Are Silver forming a corrective pattern?
1. Fundamentals
Market seems to wait news comes from FED's meeting.
But, ETF's holding Silver as well as disappointing US Reading (i.e: US industrial production/capacity utilization); i think, US dollar will be lower and it pushes silver higher.
2. Technical.
Silver are currently in corrective pattern as i draw in my pic.
25.45 - 25.70 is a support zone. I think, this is a potential reverse. Traders could wait actions happen in this zone.
In my opinion, i think, silver will climb higher and reach 27.05 in coming days.
1. Fundamentals
Market seems to wait news comes from FED's meeting.
But, ETF's holding Silver as well as disappointing US Reading (i.e: US industrial production/capacity utilization); i think, US dollar will be lower and it pushes silver higher.
2. Technical.
Silver are currently in corrective pattern as i draw in my pic.
25.45 - 25.70 is a support zone. I think, this is a potential reverse. Traders could wait actions happen in this zone.
In my opinion, i think, silver will climb higher and reach 27.05 in coming days.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.